Determine the Line of Best Fit. Clearly define your variables. Find and interpret the regression equation. Assess the strength of the model.
Regression equation: Write the regression equation and clearly define your variables.
Interpret regression equation: Interpret the slope and intercept in context.
Strength of the equation: Provide and interpret R-squared.
Determine the strength of the linear regression equation you developed.
Use regression equation to make predictions: Use your regression equation to predict how much you should list your home for based on the square footage of your home.
Conclusions
Summarize findings: In one paragraph, summarize your findings in clear and concise plain language for the CEO to understand. Summarize your results.
Did you see the results you expected, or was anything different from your expectations or experiences?
What changes could support different results, or help to solve a different problem?
Provide at least one question that would be interesting for follow-up research.
You can use the following tutorial that is specifically about this assignment. Make sure to check the assignment prompt for specific numbers used for national statistics. The videos may use different national statistics. You should use the national statistics posted with this assignment.
